震荡上行业绩寻宝转向积极逻辑的核心在于积极财政信号的出现,下一步市场的走势将取决于这些信号的释放程度及市场的预期变化。未来关注的焦点是地方债招标落实情况、影响通胀的高频数据能否预期回落以及7-8月份微观经济数据是否超出市场预期。在这些因素明朗之前,市场将短期形成震荡格局,中长 Shock Upward Performance Treasure Hunt turns to the core of positive logic lies in the emergence of a positive financial signal, the next market trend will depend on the release of these signals and the expected changes in the market. Future focus of attention is the implementation of local bond tender, the impact of inflation is expected to decline in the high-frequency data and whether the micro-economic data from July to August exceeded market expectations. Before these factors are clear, the market will form a short-term shock pattern, the long